Knowing how to close a bank account in UAE ,can save you a lot of time and hassle in the long run. Here are the requirements, process and other details about closing a bank account in Dubai.In this overview, we would like to present the detailed information on how to close a bank account in Dubai, the UAE.
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Close bank account in uae
There are a lot of banks in Dubai, and each one has its own processes and systems. But generally, there are some standard procedures you need to follow to close an account with a bank in the UAE.Follow these steps to close your bank account before leaving the UAE. For a smooth process, it’s advisable to call your bank’s customer service number and find out if they have any specific requirements.
Close a bank account without going to the bank ?
If you’re planning on closing a bank account, you’ll almost certainly have to visit a branch in person to submit your request. Depending on the bank, you may be able to begin the process online or over the phone, but ultimately you’ll likely have to finish it up at a physical location.
How long does it take to close a bank account?
It is best to initiate the process of closing your account a week before leaving the UAE to ensure that you have enough time to complete all the other procedures required. Your account should be closed within three to five working days.
Which documents do I need
- you’ll need to bring a photo ID, like a valid passport or Emirates ID.
- You’ll also need any cards associated with your account,
- as well as any cheque books – even if they’re unused.
Here are the steps to follow:
If you want to close your bank account in the UAE, you’ll need to go to the correct branch and follow their procedures.
1 – Send a request to the bank
Before going to the bank, you need to call them and request that they close your bank account. it’s important to do so as soon as possible. By staying up-to-date on the latest account closing updates, you can make sure that the process goes smoothly.
2 – Clear your bank account
At the bank, you can either withdraw your money in cash from the teller or request a bank transfer to another account you might have. Once your account is empty, request an account closure form from the teller.
3 – Finalizing all the payments
When you close your bank account, the bank account must have all their pending payments finalized before you close it. There are many other things that you need to be in place before you close your bank account. you needs to closed all due payments before you close your bank account.
4 – Paying off all the loans and bank debts
It is necessary to realize that all the loans and bank debts have to be cleared off before you close the bank account. These loans and bank dues include both personal loans and car loans, credit card debts and EMI, along with your personal loan. These loans and bank debts have to be cleared off before you close the bank account in uae
One of the important things that you need to understand is the timing for settling these debts. It is not possible for you to settle all of these loans and bank debts in one go. It is important for you to pay off these loans in a proper
5 – Account close application
To close your account, you’ll need to fill out a form with some basic information, like what kind of account you have and why you’re closing it. Some banks also let you request a transfer of funds when you’re filling out the form. Once you’re done, submit the form and your ID at the customer relationship counter.
6 – Submit all related cards and cheques
When you close your account, you need to return any unused cheques and debit cards to the bank. If you can’t submit them, Emirates NBD will de-activate the remaining cheques and debit card as part of the account closure process.
7 – Confirmation
The bank will then send you an email and a text message confirming the account closure to your registered email address and mobile number. You can also ask for a confirmation if these messages aren’t sent to you automatically.
Conclusion
The process for closing a bank account in the UAE is typically quick and easy. Our company can provide full support throughout the entire account closure process.